HaseebKhan_90

HIW offering an early entry with a pocket pivot setup?

Long
NYSE:HIW   Highwoods Properties, Inc
* Great earnings
* Strong up trend
* High 3-month relative strength in the Real Estate sector
* Pays out dividends very generously
* Recently broke out of a multi-year range dating back to 2016
* Recently used the resistance of that range ($43.99) as support
* Has been consolidating for the past ~6 months
* Offering a pocket pivot entry with very high volume and little to no overhead resistance

Trade Idea:
* Now's a great time to get an early entry before the actual breakout.
* If you're looking for a slight discount you can look for an entry near the $46.52 area as that should serve as support.

Caution:
* Pocket pivots do offer an early entry before the actual breakout and even though there's little to no overhead resistance, there's still a chance that it may not break out immediately.

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